Islamic Economics Workshop III



The third of the Islamic Economy Workshop was held in Istanbul in 2015 with the theme "Islamic Economics and Labor". Organized by ILKE Cultural Education Association, Science Studies Association (ILEM), Turkey Economic Enterprise and Business Ethics Association (İGİAD) in collaboration with Istanbul Commerce University, the workshop received rich participation from overseas keeping the old trend alive.
Labor is one of the most important concepts of economic theory and history. It is not possible to design production, distribution, change and redistribution without the labor factor. For this reason, though economics considers production factors as labor, capital, natural resources and finally entrepreneurs, however Labor is seen as the most important of them. This is because this factor is directly related to the human being, and in the absence of human beings, other factors must make no sense on their own. This central role played by labor has become one of the main points of action for Marxist and Capitalist economic theorists. Indeed, classical / liberal economic theorists such as Adam Smith and David Ricardo have put labor-value theory at the center of their approach. In the same way, the labor-value argument is fundamental to Marx’s criticism of capitalism where he stresses that the most basic power of is the labor of the working class which has become a commodity in capitalist society.
Since the birth of classical economic theory, the use of a wide range of meanings to encompass mental activities beyond arm strength in parallel with technological developments in labor has diversified the debate on the subject. Since the early economic theorists, the concept of labor has been examined intermittently with the problem of continuous production, capital and income distribution, and subjected to different evaluations by economists with different views. When it comes to day-to-day operations, the establishment of international corporations has made the concept of "exploitation of labor" more important than using labor in different ways, beyond the workforce. For this reason, the identification of the labor and the countervailing labor of modern and multinational corporations has an important place in modern economic debates. Well, how has the place and definition of labor in different economic geographies developed as part of total factor productivity and as a member of the global supply chain? Besides this big problem, what is the situation in the Islamic world?

When it comes to the existing companies in the Islamic world and the commercial activities they have done, we are faced with an important issue of what the perceptions of the main actors in the economic governance (governments, companies / producers and consumers) are in the first place. There are a number of questions about this subject in this framework:

  • What similarities or differences does the labor conceptualization of Islamic economics have in comparison to Marxist and Capitalist economics?
  • What is the framework of Islamic economy for the concept of labor?
  • How should transformations in labor processes and business relations in today's global economy be dealt with from the Islamic perspective?
  • Labor in terms of global markets
  • What does the Islamic economic perspective suggest about the movement / mobility of labor?
  • How should the dynamics of distribution and redistribution be structured for a fair economic life?
  • As a social policy element, how should the labor market's regulations be realized?
  • What does Islamic economics propose for the organization of labor and trade union movements?
  • What are the new business implications for income distribution and the development of production systems?


        Ahmet Toklucuoğlu, İlmi Etüdler Derneği (İLEM)

        Ahmet Yükleyen, İstanbul Commerce University

        Ayhan Karahan, İktisadi Girişim ve İş Ahlakı Derneği (İGİAD)

        Hasan Kadir Tosun, İstanbul Ticaret Üniversitesi

        Hüsnü Ayhan Avcı, İLKE İlim Kültür Eğitim Derneği

        Lütfi Sunar, İstanbul Üniversitesi

        Necmettin Kızılkaya, İstanbul Üniversitesi

        Nihat Erdoğmuş, İstanbul Şehir Üniversitesi

        Nurullah Gür, İstanbul Ticaret Üniversitesi

        Süleyman Güder, İLKE İlim Kültür Eğitim Derneği

        Tezcan Kuzu, İktisadi Girişim ve İş Ahlakı Derneği (İGİAD)

        Yusuf Enes Sezgin, İLKE İlim Kültür Eğitim Derneği

        Zekai Eroğlu, İlmi Etüdler Derneği (İLEM)


              Abdulazeem Abozaid, Emirates Islamic Bank

              Abdullah Durmuş, Istanbul University

              Adem Esen, Istanbul Sebahattin Zaim University

              Ahmet Faruk Aysan, Boğaziçi University

              Asad Zaman, International Islamic University

              Burhanettin Can, İGİAD

              Celali Yılmaz, SPK

              Cengiz Kallek, İstanbul Şehir University

              Erkan Erdemir, İstanbul Şehir University

              Fahim Khan, Riphah Center of Islamic Business

              Fatih Savaşan, Sakarya University

              Feridun Yılmaz, Uludag University

              Gülfettin Çelik, Istanbul Medeniyet University

              Haluk Songür, Süleyman Demirel University

              Lütfi Sunar, Istanbul University

              Mahmut Bilen, Sakarya University

              Masudul Alam Choudhury, Sultan Qaboos University

              Mehmet Babacan, Istanbul Commerce University

              Mehmet Saraç, Istanbul University

              Murat Taşdemir, Medeniyet University

              Necdet Şensoy, TCMB

              Necmettin Kızılkaya, İstanbul University

              Nihat Erdoğmuş, İstanbul Şehir University

              Sabri Orman, TCMB

              Tamer Çetin, Yıldız Technical University

              Yusuf Alpaydın, Marmara University